According to William J. Miller, Ph.D., Executive Vice President of Veeco's Compound Semiconductor Business, "MaxBright's value proposition is clear: it's the highest productivity MOCVD system for HB LED manufacturing on the market. The architecture enables single chamber or multi-chamber layer growth capability, increasing process flexibility for demanding LED structures. MaxBright's compact architecture also enables a footprint efficiency gain of up to 2.5 times standalone MOCVD systems. Overall, MaxBright delivers a 500% productivity gain compared to the K465i in a flexible and compact package."

John R. Peeler, Veeco's Chief Executive Officer, added, "Veeco has dramatically accelerated our MOCVD technology investment and new product development programs to further reduce LED manufacturing costs. We are excited to launch this new, high productivity system as part of our multi-generational roadmap for improving MOCVD process capability and capital efficiency. MaxBright will enable the industry to accelerate its transition to LED lighting. In 2010, the K465i became the market-leading MOCVD system. And now, MaxBright further extends Veeco's product leadership position as the most productive and lowest cost of ownership MOCVD tool on the market."

About Veeco

Veeco makes equipment to develop and manufacture LEDs, solar panels, hard disk drives, and other devices. We support our customers through product development, manufacturing, sales and service sites in the U.S., Korea, Taiwan, China, Singapore, Japan, Europe and other locations. Please visit us at
www.veeco.com
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To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2009 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases.
Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.